02/08/2026
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In an article published on Wednesday, Florida Makes Gold & Silver Official Means of Payment, American economist, columnist, and Republican politician Paul Craig Roberts discussed Florida’s legislative efforts to introduce precious metals as legal tender.
For several decades, the United States has had a destructive policy of 0ffshoring its manufacturing, thereby weakening its own economy while the US government ran up massive amounts of debt. With the dollar already questionable Washington further undermined the dollar by weaponizing it, thus making it risky for central banks to hold US dollars in the form of Treasury debt as reserves. The seizure of Russian central bank reserves in the amount of $300 billion demonstrated the risk. With no end of American wars and spending sprees in sight, the US dollar’s role as w0rld reserve currency could well be in jeopardy. Once this role is lost the dollar’s value in terms of other currencies will fall, and as the United States has become an import-dependent economy, US inflation would explode, further driving down the dollar.
Source.
Supporters of the theory that the price of precious metals such as gold and silver is a bubble were delighted by the sharp fall in the price of these metals on the stock market last weekend. The price of gold fell by over $900. Silver lost 38%. What happened? Huge quantities of certificates for these metals were thrown onto the market. The amount of precious metals has not changed, only the amount of paper “guarantees” for the future delivery of metal that does not exist has increased. The American bank JPMorgan Chase was primarily behind this.
Such scams will be possible as long as there are buyers for these unbacked “treasures.” You might say that companies like COMEX carry out checks! Yes, but no one checks the amount of metal that is physically present. When was the last time an inventory was carried out at Fort Knox? A year ago, after Trump’s grandiose announcements, the issue suddenly disappeared from the scene. Disclosure of the actual situation threatens to collapse the entire financial system based on lies.
These speculative transactions by major banks and certificate traders were supported by a change in the law that requires higher margins for trading in real gold and silver. Such measures may be successful, but they cannot be repeated indefinitely.
The real bubble is what we use to measure the value of gold—the US dollar and all debt-based currencies in the world. Soon, the title of the film starring Audrey Hepburn, How to Steal a Million, will be changed to How to Steal a Billion. That is why the panic triggered by stock market fraud, which leads people to exchange their valuable precious metals for pieces of paper called money that lose value every day for fear of losses, is not an optimal solution. In the article quoted above, Paul Craig Roberts has described well the emergence of money, which is attributed to the Phoenicians.
Author of the article: Marek Wojcik
Email: worldscam3@gmail.com
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